3. Most needs and services are
within one to six blocks, including grocery
and general shopping, banks/credit union,
doctors, dentists, lawyers, accountants,
financial planners, churches, senior citizens
activity center and the Johnson Bentley
Share certificates are issued for all
shares. All shares are redeemable, normally
within the 60-day notice of vacating period
required, if moving. Shares are
automatically transferable between husband
and wife in case of demise. These funds are
carefully invested and help to stabilize our
financing. In that they assist to keep our
costs low, there is NO INTEREST earned on
shares. Control and use of the share capital
is at the discretion of the Board of
Directors under Rules filed with the B.C.
A housing agreement based on sound
business principles and "good
housekeeping" must be signed.
4. This co-op has a beautiful
view of Lake Okanagan.
5. This co-op contains 14
single bedroom units, all located on ground
level. There are also 13 two-bedroom suites
contained in Fernwood Manor – 6 are located
on the ground level and 7 are located on the
balcony (2nd floor) level. There are four
townhouse-style units with the two bedrooms on
the second floor (Eldorado Court) providing
roomy privacy with front and back entrances.
Additionally, there are four townhouse-style
units with basements (Allision Court).
6. The 35 member/shareholders
of the co-op elect a 6-person board of
directors who manage the affairs of this
co-op, including the part-time maintenance
person and the bookkeeper.
7. Monthly housing charges are
determined, and may be adjusted, by the board.
These charges cover most of the operational
costs of the co-op. Member/shareholders are
responsible for their own hydro, telephone,
and cable costs, etc.
8. There are two conveniently
located laundry & storage rooms at
Brighton Manor and Fernwood Manor to provide
service for designated tenants. The
townhouse-style units are wired for their own
washer and dryer (if tenant has machines),
otherwise the laundry rooms both have two sets
of coin operated washers and dryers costing
$0.50 per wash/$1.00 per dry .
9. A cleaning/damage deposit of
one moths housing charge is taken when a
tenant moves in and is refunded (with a
nominal amount of interest) at the time of
vacating the unit, depending on the good
repair and cleanliness of the suite.
10. Any housing charges, hydro
charges, cleaning & repair charges and any
other amounts owing to the Association can and
will be deducted from the cleaning/damage
deposit and the member share account before a
refund is issued upon vacating the unit.
11. You will be asked and expected to
serve on the Board of Directors and/or
Committees from time to time.
12. As a member, you are expected to
assist with the maintenance, snow removal,
weeding, and general clean up of the co-op and
13. The turn over rate at this co-op
is very low, averaging only 2 – 4 vacancies
per year. If you find alternative housing
before you are able to move in to this co-op,
we would appreciate it if you would let us
know if you would like your application kept
on file or removed from the waiting list.
14. New members/shareholders in this
co-op are admitted at the sole discretion of
the membership committee and the board;
therefore, the earliest dated application is
not necessarily the next application accepted
for residency. First come, first serve does
not consequentially apply.
15. A basic criterion of co-ops is
participation. If you do not reside full-time
in your co-op, how can you participate?
Therefore, if you cannot participate, you are
not a prime candidate for co-op living. With
the above in mind, two areas that we
concentrate on are:
16. New residents moving into the
Co-Op after 13th April 2010 into 2 bedroom
units must be willing to move into a one
bedroom unit after becoming a single occupant
as soon as one becomes available.
17. No animals or pets of any kind
shall be kept or harbored in the demised
premises without the prior written consent of